Abu Dhabi-based artificial intelligence and cloud computing company, Group 42, has acquired Abu Dhabi’s Bayanat for Mapping and Surveying Services LLC, an end-to-end, customised geospatial data products and services provider, official news agency WAM reported.
Group 42 aims to complement its set of satellite-based solutions via the acquisition, leveraging its expertise in data analytics and artificial intelligence (AI) techniques to offer disruptive products to its clients, a statement said.
Since its launch in 2010, Bayanat has been delivering multiple geospatial solutions and services, offering its customers topographic, hydrographic and aeronautical products and charts, as well as spatial data surveying, analysis, management, modelling, visualisation and cartography services.
In December last year, Group 42 had announced its partnership with the Department of Health – Abu Dhabi to deliver the first genome programme in the UAE. In November, the company had announced a joint venture with Abu Dhabi’s ADNOC to create AI-enabled solutions for the oil and gas industry, the statement said.
Peng Xiao, CEO, Group 42, said, “As we welcome Bayanat into our ecosystem of companies, we believe their expertise in the geospatial domain will significantly contribute toward expanding and improving our product and service offering.”
“This acquisition reflects G42’s continuous effort to deliver cutting-edge, AI-enabled solutions to the region, as it gives us access to technology, expertise and high-quality geographical data that will be used to nourish our algorithms further.”
“Our acquisition by Group 42 hails a new era for Bayanat,”said Mohammed Al Beloushi, CEO, Bayanat.
“Group 42 will further bolster our vision, having the region’s most powerful computing capability and their reputation for being thought leaders in AI research and the development of world-class industry solutions.”